:max_bytes(150000):strip_icc()/Balance-of-Payments_Final_4200409-0d38a2172cea4fe28b6971e348ba41fc.png "Balance of Payments in Global Transactions: Why Does It Matter?")
Balance of Payments in Global Transactions: Why Does It Matter?
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Balance-of-payments accounting indicates that any surplus (deficit) in the current account must be offset by a deficit (surplus) in the financial account. Explain why this is so, using demand and supply curves
